The governing document of the SNU Trust only allows spiritualist churches affliated to the Spiritualist National Union to invest with, or borrow money from the SNU Trust.
With £250 you can open a Deposit Account with us. Simply download an application form, fill it in & post it to us, enclosing your cheque. Alternatively you can pay via bank transfer. Please see below for our bank details.
No, your church will need to be affiliated with the SNU first. You can contact the SNU via their website click here.
Unfortunately we cannot open accounts for individuals or lend money to them, even if they are members of the SNU.
We offer competitive rates of interest compared to high street banks and offer a range of immediate access and fixed-term products. We are also able to lend to churches to allow them to improve their existing buildings or move to more suitable premises.
We understand how the churches operate and we tailor our terms & conditions to suit your needs. There are no arrangement fees or early closure penalties on our accounts & products.
As the SNU Trust is ‘not for profit’ any surplus made is put back into the charity to the benfit of all members.
By investing with the SNU Trust you are investing in the future of Spiritualism.
The Trust have looked at giving members online access however it is cost-prohibitive at the moment. A statement is always sent to your nominated contact each time a transaction goes through your account and you are welcome to request electronic statements via email at any time.
No. Under no circumstances can the Spiritualists National Union prevent any church from withdrawing its funds. The SNU Trust is a completely separate and autonomous charity, with staff employed directly by the Trust and Trustees who cannot also be Trustees of the SNU.
Deposits can be made into your accounts with the SNU Trust electronically by using the following details:
NatWest Bank Sort Code 60-02-36
Account Number 67824234
Account Name Spiritualists National Union Trust
Reference Please quote your church name and account reference
Withdrawals can be made by completing a withdrawal form which must be signed by two of the church’s nominated signatories. The form can be posted back or emailed to firstname.lastname@example.org. We endeavour to process all requests on receipt and always within 1 working day.
The SNU Trust is a registered charity which conforms to the guidelines laid down by the Bank of England and the Financial Conduct Authority (FCA).
The activities of the SNU Trust are laid out in the Memorandum and Articles of the charity, and they are restricted to providing facilities to churches affiliated to the Spiritualists’ National Union.
The FCA consider that, due to the limited nature of the activities, the SNU Trust is exempt from registration however the SNU Trust reviews this situation regulary to ensure compliance with all legislation.